Kaspa had a tough day yesterday. The KAS price dropped more than 3% and is now sitting at $0.0889. For most of the session, KAS struggled to stay above the $0.09 mark and sellers had the upper hand.
Buyers managed to hold $0.088, which intervened before the decline was too late. However, momentum is weaker than that of last week, and the bears versus bulls competition is getting closer.
What you'll learn 👉
📅 What We Got Right Yesterday
In yesterday’s outlook, we pointed out that losing $0.09 could push Kaspa price toward the $0.087–$0.084 zone. That’s exactly what happened, with the token sliding to $0.0889 before finding support.
The bullish breakout scenario above $0.095–$0.10 never materialized, and the sideways setup is giving way to a more bearish tone.
📊 KAS Chart Analysis (4H)
On the 4H chart, Kaspa price shows a clear rejection from the $0.095 zone last week, followed by lower highs and a steady grind down toward support. Price is now hugging the $0.088–$0.089 band, which is acting as short-term support.
Upside attempts are capped quickly, $0.092 remains the first hurdle for bulls, followed by the bigger resistance between $0.095 and $0.10.
On the downside, $0.087 is the key line to watch. A breakdown there could extend losses toward $0.084, with $0.080 as the more significant safety net.
🔎 Indicators Overview
- Volume: Yesterday’s drop came with a small uptick in volume, signaling that sellers were active. Still, compared to earlier in the month, activity remains subdued, suggesting no full panic yet.
- Open Interest: Open interest has stayed steady around $470M, showing traders are keeping positions open despite the correction. This signals caution, but not yet full liquidation.
- Net Longs: Net longs have pulled back slightly, dropping closer to $298M. Bulls are reducing exposure after repeated failed attempts at $0.095–$0.10.
- Net Shorts: Shorts are rising toward $293M, reflecting growing bearish sentiment. The balance between longs and shorts is tightening, with shorts almost matching longs for the first time this month.
Read Also: Chainlink (LINK) Price Jumps Double Digits, But Warning Signs Point to a Short-Term Drop First
💡 Kaspa Price Prediction for Today, August 18
- Bullish Scenario: If Kaspa bounces strongly from $0.088 and recovers $0.092, momentum could turn short-term bullish on its head. In that case, $0.095 and $0.10 are back in the spotlight.
- Neutral Scenario: Continuing sideways chop between $0.087 and $0.092 looks likely unless price is pushed in either direction by a volume spike.
- Bearish Scenario: A clean break below $0.087 should send Kaspa price all the way down to $0.084, with potential to test the psychological $0.080 level if selling picks up.
👉 For today, the tone is cautious. As long as Kaspa holds $0.087, bulls still have a chance to defend the range. But losing that level would confirm a deeper correction.
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